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After testing, Instagram launches ads in the Instagram Shop tab globally Aug 26, 2021

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Last year, Instagram unveiled Shops as part of Facebook’s larger pivot toward e-commerce. Shops is front-and-almost-center on the app’s bottom navigation bar, even more readily accessible than the button to upload a new photo.

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Peloton Tread arrives next week with enhanced safety features, following recall Aug 25, 2021

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During a banner year for connected fitness, Peloton stumbled, as its two treadmills – the Tread+ and Tread – drew the scrutiny of the U.S. Consumer Product Safety Commission (CPSC). The two eventually collaborated for the planned recall of 125,000 Tread+ units, while offering fixes to 6,450 Treads.

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Microsoft will bring cloud gaming to Xbox consoles this holiday season Aug 25, 2021

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Microsoft is moving into the next phase of its plan to bring Xbox Cloud Gaming to as many devices as possible, bringing it to Xbox Series X/S and Xbox One consoles this holiday season.

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GM says it will seek reimbursement from LG Chem for $1B Chevy Bolt recall losses Aug 24, 2021

Show notes

American automaker General Motors expanded its recall of Chevrolet Bolt electric vehicles on Friday due to fire risks from battery manufacturing defects. The automaker said it would seek reimbursement from LG Chem, its battery cell manufacturing partner, for what it expects to be $1 billion worth of losses.

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OpenTable integrates CLEAR’s digital vaccine card for restaurants requiring proof of vaccination Aug 24, 2021

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Cities like New York City, San Francisco and New Orleans are moving to enact COVID-19 vaccination requirements for indoor dining. So OpenTable, the online restaurant reservation service, is rolling out features to help restaurants streamline vaccination checks. Today, OpenTable announced a partnership with the biometric security company CLEAR, which allows users to create a digital […]

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India’s Zetwerk valued at $1.33 billion in new funding Aug 23, 2021

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An Indian startup that operates a business-to-business marketplace for manufacturing items is the latest to attain the coveted unicorn status in the South Asian market. Bangalore-based Zetwerk said on Monday it has raised $150 million in a Series E financing round led by New York based D1 Capital Partners.

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Spotify to spend $1B buying its own stock Aug 23, 2021

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If Spotify is still a growth-focused company, shouldn't it preserve its capital to invest in exclusive podcasts and the like — efforts that may grant it pricing power in the future?

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Musk: The Tesla Bot is coming Aug 20, 2021

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Remember that weird Will Smith movie about robots? Yeah, neither do we. But Elon Musk does. Tesla is developing a 5’8” Tesla Bot, with a prototype expected sometime next year. The news comes during Tesla’s inaugural AI Day, which was streamed on the company’s website Thursday night. The bot is being proposed as a non-automotive […]

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Would the math work if Databricks were valued at $38B? Aug 20, 2021

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Databricks, the open-source data lake and data management powerhouse has been on quite a financial run lately. Today Bloomberg reported the company could be raising a new round worth at least $1.5 billion at an otherworldly $38 billion valuation. That price tag is up $10 billion from its last fundraise in February when it snagged […]

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RepairSmith raises $42M Series B to bring auto repair to customers’ doorsteps Aug 19, 2021

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Needing to get your car fixed is like having a toothache: It’s painful, hard to ignore and likely means someone messing around under the hood. RepairSmith, launched in 2019, wants to make that process a little smoother through its mobile auto repair service that sends a mechanic right to the driver’s home. The startup is […]

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